FX.co - BTC analysis for May 31,.2021 - Potential for the rally towards $40.200

2021-05-31T10:54:17

Relevance until2021-06-01

Technical analysis:

BTC analysis for May 31,.2021 - Potential for the rally towards $40.200

BTC has been trading upside in recent 10 hours, which is good sign of upside momentum.

Trading recommendation:

Watch for potential buying opportunities on the pullbacks with the downside targets at $40.000 and $43.100.

Stochastic oscillator is showing fresh bull cross and potential for the rally towards $40.000.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for May 31,.2021 - Potential for the rally towards $40.200